GUIDE TO RENTING
A holding deposit of the equivalent to one weeks rent will be payable by the tenant and deducted from the final balance prior to the commencement of a tenancy agreement. This deposit will reserve the property until the required documentation and references are completed.
The Deposit is non-refundable should the tenant provide false or misleading information which reasonably affects our decision to let to the tenant (i.e. calls into question their suitability as a tenant, this can include their behaviour in providing the false or misleading information), they fail a right to rent check, withdraw from the proposed agreement (decide not to let) or fail to take all reasonable steps to enter an agreement (i.e. responding to reasonable requests for information required to progress the agreement) when the landlord and/or agent has done so.
The holding deposit is refundable where a tenant later enters into a tenancy agreement but the landlord decides not to rent the property or an agreement is not reached before the deadline for agreement (and the tenant is not at fault).
R L Morris employ a third party reference agency and you will be required to confirm information such as, last three years of address, employment and salary history, previous landlord references and up to date credit profile history.
Once these have been deemed acceptable we can then confirm your move and prepare draft contracts.
Prior to the commencement of a Tenancy Agreement the tenant will pay one month’s rent in advance (less holding deposit) plus a damage deposit ranging from 4-6 weeks rent. The deposit is held either by the landlord or agent in a Tenancy Deposit Scheme, details of which are provided to a tenant within 30 days from the commencement of tenancy.
R L Morris are members of the Client Money Protection Scheme (Membership Number: CMP002037) and The Property Ombudsman (Membership Number: D14409).
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